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Perrys Trading Platform
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Perrys Trading Platform

  #801 (permalink)
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Southsea View Post
Hey Perry: Hey, I was comparing the es and 6E recently and agree 6E has much more trending. Any dangers we should look out for? Sometimes volatility can be the enemy. Thought? Thanks for the awesome thread!

6E is probably the best instrument to trade for both beginners and advanced traders. Each pip is $12.5 so that profit per pip you get the best return. The volatilty is what you are looking for and you have this generally all through the day.

 
  #802 (permalink)
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plethora View Post
Does anyone know if the integrity-traders.com version of MM is still considered superior to NT?
Thank you.

--------------------------------------------------------

July 23, 2010


January 16, 2011


Perry, in view of these two posts, I's just like to understand the reason you returned to a 50 SMA after abandoning the 40 SMA with time charts?

As always, thank you very much.

-------------------------------------------------------

Dear Trading Comrades of Perry's Methodology-

I have a growing fascination with Method #2.
As the setup occurs much less frequently than
Method #1, if anyone trades it this week, could
I trouble you to post your chart for me to observe?

Many, many thanks in advance.

plethora

1. The MM from Integrity-traders is a superior indicator than the one found in NT.

2. There is very little difference between the 40 SMA and the 50 SMA. The reason I use the 50 SMA is that the "BIG BOY" traders use it, so to be in line with what they are looking at. As I said it is there for more of a picture as to the main trend of the market at a specific time.

 
  #803 (permalink)
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Hey Perry! Thanks again for this thread. I was wondering if there is an NT7 version of Jeff's Universal MA yet? Also, do you happen to know how much longer NT6.5 will be available? Thanks so much!

 
  #804 (permalink)
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Southsea View Post
Hey Perry! Thanks again for this thread. I was wondering if there is an NT7 version of Jeff's Universal MA yet? Also, do you happen to know how much longer NT6.5 will be available? Thanks so much!

I am not sure that there is a NT7 of JeffsMA. As for NT6.5 you must ask the company Nija Trader.

 
  #805 (permalink)
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perryg View Post
6E is probably the best instrument to trade for both beginners and advanced traders. Each pip is $12.5 so that profit per pip you get the best return. The volatilty is what you are looking for and you have this generally all through the day.

$12.5/tick offers best profit return, but also worst loss return! Shouldn't beginners trade something cheap like the YM at $5 per tick, or YG at $3.32 per tick, so they can minimize their losses until they increase their win ratio or develop a robust methodology? Obviously these instruments each have their own personality, but I think for newbies the name of the game is conserve capital, until you make it. With these instruments, you can afford to be wrong 2 or 3 times as often using the same amount of capital. And believe me, as newbie, you tend to be wrong a lot!

 
  #806 (permalink)
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monpere View Post
$12.5/tick offers best profit return, but also worst loss return! Shouldn't beginners trade something cheap like the YM at $5 per tick, or YG at $3.32 per tick, so they can minimize their losses until they increase their win ratio or develop a robust methodology? Obviously these instruments each have their own personality, but I think for newbies the name of the game is conserve capital, until you make it. With these instruments, you can afford to be wrong 2 times or 3 times as often using the same amount of capital. And believe me, as newbie, you are going to be wrong a lot!

If you are looking to trade live right from the begining, then you are correct. I would not trade live until I have at least 2 weeks consecutive running of 90-100% wins on SIM. Then when you trade live the 6E would be your best bet. You start with 1 contract, trade 2 weeks with success, then go to 2 contracts for a week, and then 3 contracts etc. Do not use more than 30% of your capital for the number of contracts to trade. This is how you slowly build your account.

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  #807 (permalink)
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perryg View Post
If you are looking to trade live right from the begining, then you are correct. I would not trade live until I have at least 2 weeks consecutive running of 90-100% wins on SIM. Then when you trade live the 6E would be your best bet. You start with 1 contract, trade 2 weeks with success, then go to 2 contracts for a week, and then 3 contracts etc. Do not use more than 30% of your capital for the number of contracts to trade. This is how you slowly build your account.

Sounds good. But, you don't have to have a 90-100% win ratio to be profitable. It depends on your Sharpe Ratio as well. You can be profitable with a 40% win ratio, if your trades are 3:1 reward/risk ratio.

 
  #808 (permalink)
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monpere View Post
Sounds good. But, you don't have to have a 90-100% win ratio to be profitable. It depends on your Sharpe Ratio as well. You can be profitable with a 40% win ratio, if your trades are 3:1 reward/risk ratio.

I wish you good luck

 
  #809 (permalink)
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perryg View Post
I wish you good luck

You are god among men I wish I could get that high a win ratio! I think it all depends also on your style of trading and your trading method. Scalpers traditionally need a very high win ratio to be profitable because they typically trade with 1:1 or less risk/reward. As a scalper, I trade 2:1 or 3:1 risk ratio with a fixed 3 tick stop 6 or 9 tick target, I am consistently profitable with about 60% win ratio. You can get a 9 tick move in the CL before you take your hand of the mouse, that is a 3R trade in like 1.5 sec! I love those when I can get them


Last edited by monpere; January 19th, 2011 at 12:25 PM.
 
  #810 (permalink)
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Very helpful to see the attached example of a continuation trade.
Thank you.

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